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Agda Pkt 2024.08.26 Regular Meeting
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Agda Pkt 2024.08.26 Regular Meeting
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8/27/2024 10:48:21 AM
Creation date
8/27/2024 10:41:05 AM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
8/26/2024
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10 <br />the principal, interest and any prepayment premium with respect to a Bond will be paid by the <br />Trustee to DTC, which in turn is obligated to remit such payment to its DTC Participants for <br />subsequent disbursement to Beneficial Owners of the Bonds. Purchasers of the Bonds will not <br />receive certificates representing their interests therein, which will be held at DTC. <br />See “APPENDIX G – DTC AND THE BOOK-ENTRY ONLY SYSTEM” for further <br />information regarding DTC and the book-entry system. <br />DEBT SERVICE SCHEDULE <br />The table below shows annual debt service payments on the Bonds, the 2015 Bonds, and <br />the 2017 Bonds. <br />Year <br />Ending <br />February 1 <br />Principal on <br />Bonds <br />Interest on <br />Bonds <br />Debt Service on <br />2015 Bonds <br />Debt Service on <br />2017 Bonds <br />Total <br />Debt <br />Service <br />2025 $$$1,420,643.75 $495,418.76 $ <br />2026 1,421,243.75 494,418.76 <br />2027 1,420,243.75 497,668.76 <br />2028 1,418,293.75 494,918.76 <br />2029 1,420,443.75 491,418.76 <br />2030 1,421,543.75 492,168.76 <br />2031 1,420,137.50 495,018.76 <br />2032 1,421,137.50 491,893.76 <br />2033 1,420,837.50 492,918.76 <br />2034 1,421,037.50 492,900.00 <br />2035 1,419,662.50 496,800.00 <br />Total $$$15,625,225.00 $5,435,543.84 $ <br />8.A. - Page 24 of 255 <br />652
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